US Raised Security Alert, Lifting Gold Market

COMEX gold rose on Monday after United States raised its security alert for possible..

COMEX gold rose on Monday after United States raised its security alert for possible al-Qaeda attacks on U.S. financial institutions.
December gold settled up 70 cents at $394.40 an ounce, having pulled back to a morning low of $393.70.
It peaked at $397.30 overnight after that Washington warning of threat for major financial institutions in US.
The raising of the color-coded terror threat level to "orange," the second highest in a five-stage alert system, raised anxiety in world financial markets.
Investors have bought some gold as insurance against increased security risks in the run-up to the U.S. general election in November, but have otherwise adopted a wait-and-see attitude.
Gold remains well below the 15-year highs set in April above $430 an ounce, slightly up from Thursday level of $387.50 an ounce.